Question: The UCC does not apply to a contract for the sale of goods if the value of the goods is less than $ 5 0

The UCC does not apply to a contract for the sale of goods if the value of the goods is less than $500.
True
False
The UCC does not apply to a contract for the sale

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

QUESTION 51 Which of the following is an example of incidental damages you might be awarded if you are wrongfully terminated from your job? a. the costs of mailing resumes to prospective employers b....

Q:

Samuel purchases a $500,000 life insurance policy through Premium Life Insurance Company. Samuel names his daughter, Sarah, as the beneficiary of the policy. Sarah is an intended third party...

Q:

QUESTION 1 For consideration to have "legally sufficient value," it does not have to consist of goods or money. True False QUESTION 2 Two parties can mutually agree to rescind a contract only if one...

Q:

In a "mixed contract," one involving a sale of both goods and services, the court will: apply the UCC to the provisions of the contract involving the sale of goods and the common law to the...

Q:

1.George buys a car from an automobile dealership when he is 17 years old, without an adult co-signer or guarantor. Which of the following best describes this situation? a.A valid enforceable...

Q:

IRAC Case Analysis Rubic to analyze this case Jewish Federation v. Cedar Forrest ( Book: business law 17th Edition, pp 658) I: What are the FACTS and the Legal Issue in This Case? R: What is the Rule...

Q:

In a "mixed contract." one involving a sale of both goods and services, the court will: A Apply the UCC to the provisions of the contract involving the sale of goods and the common law to the...

Q:

Please help 7. Bugs R Us, an organio gardening merchant, sells and delivers 100 units the bad bugs on the buyer's consultation with Bugs R Us for suggestions. Although the buyer correcty knew of live...

Q:

Question 412 pts 41. Usury laws prohibit charging interest above a certain statutory limit on loans? T or F Group of answer choices a. True b. False No answer text provided. No answer text provided....

Q:

In a "mixed contract," one involving a sale of both gods and services, the court will apply the UCC to the provisions of the contract involving the sale of goods and the common law to the provisions...

Q:

How many numbers greater than four million can be formed from the digits 2, 3, 4, 4, 5, 5, 5?

Q:

To study nutrient content of menus in boarding homes for the elderly in Washington State, Goren et al. (1993) mailed surveys to all 184 licensed homes in Washington State, directed to the...

Q:

Corporations and partnerships can be S corporation shareholders. Question content area bottom Part 1 True False

Q:

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...